The funding round was backed by Jefferies, Antara Capital, Sony Innovation Fund, and FM Capital.
"Over the past 9 years, we have developed a unique software platform that addresses the core challenges of electric vehicle fleets. From predictive maintenance and repair automation to fine-grain location and curb management, our platform is rich with advanced capabilities that enable safer and more reliable transportation solutions,"
San Francisco-based Trucks VC has backed the London electric scooter brand to fund its expansion into the US market.
"Lack of proper regulation is dangerous for the UK public and frustrating for us. However, we've had incredible market traction in the US and we're excited to be launching in Los Angeles."
The financing round was led by Autotech Ventures with participation from several new and existing investors.
"Autotech Ventures is truly excited to partner with the Laka team. As a transportation focused fund, we’ve been witnessing the explosive growth in personal ownership of two wheelers – especially in light of the pandemic – as well as increased business use cases within logistics."
The Series B round was led by Eclipse Ventures with participation from a broad group of global financial and strategic backers.
"We were the first team to develop the scientific breakthroughs in deep learning to build autonomous driving technology that can easily scale to new markets using a data-learned approach. Today, we have all of the pieces in place to take what we have pioneered and drive AV2.0 forward. We have brought together world-class strategic partners in transportation, grocery delivery and compute, along with the best capital resources to scale our core autonomy platform, trial products with our commercial fleet partners, and build the infrastructure to scale AV2.0 globally."
The online marketplace has raised venture debt to expand its Sell Your Car service into international markets.
"With some fabulous results and learnings in the UK, the company has started its testing in Germany. Ultimately our aims are global – just like the rest of the business,"